Ship-tracking information revealed that the vessel Furia altered its course on Tuesday. (AI image) Within days of the US President Donald Trump announcing sanctions on two major Russian oil firms, a crude oil tanker headed for India has now taken a U-turn. According to a Bloomberg report, an India-bound tanker carrying Russian crude has changed…
PSU bank stocks have made a blockbuster comeback this year, collectively adding nearly Rs 2.3 lakh crore to their market capitalisation. This surge has triggered a fresh debate among investors: is this rally a short term trade or the beginning of a new bullish wave?Since August, the Nifty PSU Bank Index has climbed almost 20%,…
Union commerce and industry minister Piyush Goyal has concluded a three-day visit to Brussels, where India and the European Union engaged in negotiations to achieve a mutually beneficial, balanced and equitable trade agreement.During the visit that lasted from October 26 to October 28, Goyal held detailed discussions with Maros Sefcovic, European commissioner for trade and…
Asian stocks edged higher on Wednesday, as global markets rally as enthusiasm for artificial intelligence shares and expectations of US interest rate cuts boosted investor sentiments.Japan’s Nikkei traded at 51,097, at 10:00 AM IST, adding 878 points, after jumping over 1,000 points. Shanghai and Shenzhen rose 0.37% and 0.9%, respectively. South Korea’s Kospi also gained…
MUMBAI: Mehli Mistry, Ratan Tata‘s long-time confidant, executor of his will, and a man widely seen as custodian of the late chairman’s legacy, has been denied reappointment as lifelong trustee of the Tata Trusts. The decision was taken after Noel Tata, chairman of the Trusts, and vice-chairmen Venu Srinivasan and Vijay Singh declined to give…
NEW DELHI: India’s services sector engaged nearly 188 million workers in 2023-24, absorbing labour at scale and displaying resilience in the face of shocks such as the pandemic, a report by policy think tank Niti Aayog said on Tuesday and recommended a series of measures to boost quality jobs and usher in formalisation in the…
NEW DELHI: The Cabinet Tuesday finalised the terms of reference and the appointment of three members of the Eighth Central Pay Commission, and tasked it with submitting its recommendations within 18 months. The panel will be headed by former Supreme Court judge Justice Ranjana Prakash Desai, with IIM-Bangalore professor Pulak Ghosh named a member and…
Piyush Goyal holds talks with EU Commissioner Maros Sefcovic on India-EU FTA negotiations The negotiating teams of India and the European Union are making significant progress on tariff-related issues, with an EU delegation set to visit New Delhi next week to further narrow gaps for an early conclusion of the proposed free trade agreement (FTA).Commerce…
India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…
Countries around the world are growing increasingly cautious about maintaining sovereign assets abroad. (AI image) India’s gold reserves are increasingly being stored in the country – a significant move in an era where countries use financial warfare to mount pressure and settle scores. The Reserve Bank of India (RBI) has intensified its efforts to transfer…